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发帖数: 299 | 1 Stocks ended on the negative territory this past holiday week resulted from
the weak employment report. Even though ADP employment (176k vs. 100k est.),
which measured in private nonfarm payrolls, came in a lot stronger than
expected, the official nonfarm payrolls (80k vs. 100k est.) were still
remaining below analysts' expectation, and the unemployment rate appeared no
sign of job recovery (8.2% vs. 8.2% est.) in the past June. Money continued
to move into the fixed income market, treasury yields closed lower across
the curve as investors stayed with the defensive strategy. The FOMC minutes
will be the major focus looking forward this Wednesday, as investors would
like to hear how the Fed reacts on the employment data. Moreover, the
unofficial second quarter corporate earnings will begin reporting this
coming Monday, which will be another key market mover for stocks.
• Small cap stocks rallied ahead of earnings; Commodities remained
strong but it is still trading under its bearish trend.
• Major stock indices made short-term local peak; The 50 day moving
average will be the key supporting level to test whether we are heading for
another bearish run.
• Offensive stocks traded lower post-holiday along with the weak
economic releases; Defensive shares loosen its upside momentum.
• The longer term maturity yields fail to act as a continuation
pause after a month of sideways movement.
read more at...
http://plus.alpbeta.com/report/201227.pdf |
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